Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales

Target CEO Brian Cornell is stepping down next year after over a decade at the helm as the embattled retailer undertakes a high-stakes turnaround effort aimed at reigniting growth and reversing sliding sales. The Minneapolis-based company’s board of directors unanimously elected Michael Fiddelke, the company’s current chief operating officer, to succeed Cornell and become a member of its Board of Directors on Feb. 1, the company announced Wednesday. The news comes as Cornell, 66, wraps up the three-year com ...